1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
VATS Liquor Chain Store Management Joint Stock Co., Ltd.

VATS Liquor Chain Store Management Joint Stock Co., Ltd.

300755.SZ
VATS Liquor Chain Store Management Joint Stock Co., Ltd.CN flagShenzhen Stock Exchange
15.63
CNY
-0.07
- -
6.51BMarket Cap
VATS Liquor Chain Store Management Joint Stock Co., Ltd.
300755.SZ
(Shenzhen Stock Exchange)

Recent

price

15.63

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.54
7.7
9.44
3.88
5.25
7.3
7.72
15.61
9.13
11.92
17.89
20.92
24.09
23.42
14.39
18.37
Revenue per Share
1.91
2.05
2.36
-0.39
0.08
0.38
0.65
1.29
0.78
0.9
1.62
0.88
0.56
0.11
-0.9
-0.13
Basic EPS, GAAP
-0.18
-0.21
-0.32
0.59
0.91
-0.34
1.16
-1.39
0.13
0.64
-1.07
-1.22
0.63
1.07
1.83
-0.01
Free Cash Flow per Basic Share
0.73
0.03
4.33
0.08
0.06
0.96
0.26
0.09
0.18
0.21
0.21
0.4
0.26
1.44
0.16
1.41
Dividend per Share
0.56
2.52
1.69
2.53
2.57
2.07
2.64
6.01
3.77
4.42
5.75
6.26
6.57
5.58
4.51
5.59
Book Value per Share
0.79
2.75
2.89
3.38
3.41
3.1
3.68
7.89
6.24
6.89
8.33
8.91
9.27
8.06
6.88
8.03
Tangible Book Value per Share
110
110
142
296
300
299
312
174
410
415
417
416
420
404
410
407
Basic Weighted Avg Shares
612
849
1,337
1,148
1,578
2,184
2,407
2,721
3,738
4,941
7,460
8,708
10,121
9,464
5,895
7,470
Sales/Revenue/Turnover
32.81
31.27
29.28
-6.63
2.43
6.32
11.69
11.59
11.26
9.76
11.44
5.32
2.85
1.89
-0.43
1.41
Operating Margin (%)
- -
- -
- -
5
4
3
2
2
2
7
29
34
42
39
28
- -
Depreciation Expense
211
226
334
-115
25
113
203
225
319
373
676
366
235
44
-369
-54
Net Income, GAAP
- -
12
13.04
- -
38.14
19.41
21.68
21.97
17.44
20.12
16.72
11.76
7.76
48.63
- -
18.3
Effective Tax Rate (%)
34.49
26.61
24.95
-10.01
1.59
5.17
8.42
8.26
8.55
7.55
9.06
4.21
2.32
0.47
-6.26
-0.73
Profit Margin (%)
48
249
390
843
907
838
1,072
1,301
2,435
2,666
3,183
3,257
3,382
2,784
2,400
2,792
Working Capital
- -
- -
55
- -
- -
- -
- -
- -
- -
42
33
37
59
52
4
26
LT Debt
87
303
410
1,000
1,025
929
1,149
1,376
2,558
2,864
3,481
3,718
3,902
3,263
2,823
3,270
Total Equity
- -
110.37
80.98
- -
1.8
8.47
15.9
14.73
13.61
11.85
19.07
8.81
5.08
1.75
- -
- -
Return on Invested Capital (%)
- -
139.22
119.63
- -
3.48
12.34
19.72
17.25
18.18
17.02
25.26
10.86
6.47
1.62
- -
1.41
Return on Capital (%)
- -
132.99
128.86
-23.27
3.29
16.23
28.12
24.06
24.64
22.09
31.93
14.64
8.76
1.77
-17.96
-2.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,873
1,554
1,642
LT Borrowings
- -
- -
- -
LT Finance Leases
52
51
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
417
417
417
Market Capitalization
7,468
6,628
7,848

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,567
5,862
5,107
Cash, Cash Equivalents & STI
1,386
1,432
1,043
Accounts Receivable, Net
147
187
104
Inventories
3,259
2,860
2,822
Total Current Liabilities
3,783
2,979
2,315
Payables & Accruals
- -
- -
- -
ST Debt
1,873
1,554
1,642
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.53%
0.69%
-13.48%
Free Cash Flow
-74.33%
-53.56%
74.28%
Net Income, GAAP
-51.06%
-202.27%
-929.74%
Sales/Revenue/Turnover
17.1%
7.94%
-37.71%
Total Cash Common Dividend
211.53%
79.48%
-88.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,133
1,810
1,889
1,633
9,464
2025
2,852
1,098
732
- -
5,895
2026
2,214
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
- -
- -
- -
0.11
2025
0.21
- -
- -
- -
-0.9
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
1.44
2025
0.03
- -
- -
- -
0.16
2026
0.01
- -
- -
- -
- -
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Business
VATS Liquor Chain Store Management Joint Stock Co., Ltd. (300755.SZ) operates as a leading chain retailer and distributor of fine wines and spirits in China, offering a comprehensive portfolio of domestic and imported alcoholic beverages including white spirits such as baijiu from brands like Maotai, Wuliangye, Gujinggong, Xi Jiu, Luzhou Laojiao, and Diaoyutai; wines; imported spirits from labels including Romain Nicolas, Lafite, Margaux, Obion, Moutong, Hakuba, Karuizawa, Yamazaki, Hakushu, Bomo, Armagnac, Louis XIII, Hennessy, and Martell Le Cordon Bleu; as well as non-alcoholic options, mixers, beverage accessories, and gift sets through an extensive network of offline stores and an e-commerce platform. Founded in 2005 and headquartered at 5/F, Block CD, Jiahe Guoxin Building in Beijing, the company serves consumers across all major regions of China—East China, Southern China, North China, Central China, South-West China, North-East China, and North-West China—with minimal operations in Taiwan, Hong Kong, Macau, and abroad; it maintains stable partnerships with prominent domestic and international wine producers to ensure authentic sourcing and provides professional selection, authenticity verification, and service-oriented retail experiences under its "boutique, authenticity, service, innovation" philosophy. In recent developments, the company has aggressively expanded its store network by opening 377 new outlets amid challenging market conditions as of November 2025, launched the "Huazhi Mingjiu Library" (VATS Premium Liquor Library) store format with rapid multi-province rollouts including Anhui, Shanghai, Hebei, Hubei, and the Greater Bay Area, received a government subsidy of RMB 21.251 million in September 2025, earned recognition including the "National Quality Inspection Stability Compliance" award during National Quality Month in September 2025 and the "New Consumption Scene Innovator" award in November 2025, and outlined plans surveyed by 45 institutions in 2024 to open 3,000 stores over the next five years while focusing on health-oriented growth strategies and future alcohol trends as articulated by leadership in mid-2025.